U.Today presents the top four cryptocurrency news stories from the past 24 hours.
Important Shiba Inu (SHIB) Alert Issued by OKX Exchange
Beijing-based cryptocurrency exchange OKX notified users via Twitter about an error affecting some Shiba Inu (SHIB) holders. The pop-up message displayed incorrect information, prompting an apology from OKX. The exchange assured users that SHIB trading remains unaffected and committed to resolving the issue promptly.
👉 Explore OKX’s latest updates
Key Details:
- OKX added SHIB support in May 2021.
- SHIB price surged alongside meme coins following Twitter’s logo change.
- Current SHIB price: $0.00001125.
Peter Schiff Predicts Bitcoin’s Hard Decline
Euro Pacific Capital CEO Peter Schiff reiterated his bearish stance on Bitcoin, warning of an impending sharp downturn for risk assets, with BTC leading the drop. Schiff advocates for gold stocks as a safer alternative, calling them the "next tech stocks."
Context:
- Schiff consistently criticizes Bitcoin’s long-term viability.
- Despite BTC’s 20% rally post-Fed policy shift, he favors gold for inflation hedging.
Ralph Lauren Miami Store Adopts Crypto Payments
Global fashion brand Ralph Lauren now accepts Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), and other cryptocurrencies at its Miami Design District store via BitPay.
Highlights:
- Refunds issued in the original crypto.
- Partnership with Web3 community Poolsuite for NFT giveaways.
- First Ralph Lauren location to enable crypto transactions.
👉 Learn more about crypto adoption
Binance CEO CZ Refutes Interpol Investigation Claims
Changpeng "CZ" Zhao dismissed rumors of an Interpol probe as baseless FUD, attributing the spread to rival exchanges and sensationalist media. Binance’s official statement denied the allegations, emphasizing the industry-wide harm of such misinformation.
CZ’s Response:
- Accused competitors of orchestrating the rumors.
- Stressed the pettiness of vendettas against Binance.
FAQ Section
Q: Why did OKX issue a SHIB alert?
A: An erroneous pop-up affected some users; OKX confirmed SHIB trading was operational and pledged a fix.
Q: What is Peter Schiff’s view on Bitcoin?
A: Schiff predicts a severe BTC decline and champions gold stocks as superior investments.
Q: Which cryptocurrencies does Ralph Lauren accept?
A: BTC, ETH, SHIB, and others via BitPay, with refunds in the original crypto.
Q: How did Binance respond to the Interpol rumors?
A: CZ denounced them as fabricated FUD, likely fueled by competitors.